State capitalism.
Capitalism. capitalism economic system in which the means of production are privately owned. is an economic system in which the means of production are privately owned.
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
The system with the highest level of government control is communism. In theory, a communist economy is one in which the government owns all or most enterprises. Central planning by the government dictates which goods or services are produced, how they are produced, and who will receive them.
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Answer:
$89.76
Explanation:
Calculation to determine the overhead rate per unit for Product A in the Painting Department of Adirondack Marketing Inc.
First step is to calculate Single overhead rate per hour using this formula
Single overhead rate per hour = Total overheads/ Total labor hour
Let plug in the formula
Single overhead rate per hour = 324600/21700 Single overhead rate per hour = 14.96per labor hour
Now let determine the Overhead rate per unit of product A in the painting department
Overhead rate per unit of product A in the painting department = 6 hours × $14.96per hour
Overhead rate = $89.76 per unit
Therefore, the overhead rate per unit for Product A in the Painting Department of Adirondack Marketing Inc is $89.76 per unit
As a result of Hurricane Irma causing the quantity of oranges to drop by 21%, the change in price of oranges will be increase of 14%.
<h3>What will be the change in price of oranges?</h3>
Price Elasticity is found as:
= Change in quantity / Change in price
You have the elasticity and the change in quantity so you can find the change in price as:
-1.5 = -21% / Price
Price x -1.5 = -21%
Price = -21% / -1.5
= 14%
In conclusion, price will increase by 14%.
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Answer:
Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official
Explanation:
Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.
Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.
Answer:
corporate mission or marketing strategy area
Explanation:
Based on the information provided it can be said that this is an example of the corporate responsibility strategy being a part of the corporate mission or marketing strategy area. This refers to a specific sentence that encompasses the company's function, philosophies and goals which they strive to achieve and is the entire reason for existing in the market.
